Daily Stock Buzz: Will RIMM Sink or Go Bobbing for Apple?

Research in Motion (NASDAQ:RIMM) shares are down more than 7 percent in afternoon trading. The BlackBerry maker announced it hired JPMorgan (NYSE:JPM) and RBC Capital Markets to review the company’s business and financial performance. CEO Thorsten Heins also announced that the company would report a first-quarter operating loss and plans on cutting its work force.

Apple Inc. (NASDAQ:AAPL) shares are higher almost 1% in afternoon trading. CEO Tim Cook said during the D: All Things Digital conference that Apple is preparing to release some “incredible” new products. However, he did not provide many details as he promised to “double down” on secrecy.

Shares of Monsanto Co. (NYSE:MON) gained 2.70 percent in morning market trading as the company expects a stronger-than-expected third-quarter. Monsanto expects earnings to come in at $1.57 to $1.62 per share, above estimates of $1.29 by analysts.

LinkedIn Corp. (NYSE:LNKD) shares reversed lower down 2 percent in Wednesday afternoon trading. The professional social networking company received an upgrade from Neutral to Buy over at Citigroup (NYSE:C). “LinkedIn has so far demonstrated strong execution,” explained analyst Mark Mahaney.

After falling more than 9 percent on Tuesday, Facebook (NASDAQ:FB) shares are down another 2.46% in afternoon trading. Concerns continue to surround the social-media company as it is reportedly dipping its toes into the smartphone market. Options also began trading yesterday, which gives investors another way to play shares without purchasing them outright.